/biz/ - Business & Finance

because they literally cooked the books LOL
you amerilards are hilarious
1.8 million jobs reported out of thin air to cover the gap '

Unemployment rate is a meme statistic. Labor force participation rate is what actually matters.

lmao no way that number is real

But muh recession fud when 2020 was a crazy recession already

>if i make up the number THEN THE NUMBER IS THE BEST. CAPS LOCK IS COMPLETELY A-OK AS AN ADULT AND (((BLUE CHECKMARK))), I FUCKING LOVE SCIENCE
jesus christ
no wonder "americans" dislike blockchain. immutable truth is their natural enemy

>>50762221
>>50762222
>>50762235
>>50762248
Just admit that youre doomday recession cult was bullshit implemented by people wanting you to sell

>>50762248
Only materialists believe in Bitcoin/blockchain.

>>50762221
i don't have a job and im not looking for one
i am not represented in these numbers

The time they admit recession is when it's finally over

>>50762295
wtf I'm a materialist now

lol

>>50762191
I work a lot in rural VA and am suprised at how many people are home from 8-5 Monday to Friday every week in some areas nearly every home, in areas traditionally with little to no internet as I am in these areas building rural broadband projects. Someone please explain. I keep waiting for the food to run out, for shit to start breaking, rolling blackouts so I can stop but it never ends.

>>50762248
No one made up the number

>>50762221
>1.8 million jobs reported out of thin air to cover the gap
not so much this but every since covid our total labor force took a huge hit and never recovered, so now that number is being carried forward which makes the percentage of unemployed people look okay. People did go back to work, but a ton of people didn't and there are shitty restaurant tier jobs that haven't been filled which is why the gov't thinks there's a shit ton of growth. Also, some restaurant and grocery workers are starting to work two jobs to make ends meet which is good for jobs obviously. This is why they're using jobs to lure in all the idiots.

>>50762191
>blue check mark faggot that doesn't live paycheck to paycheck acts like Biden is going a great job despite everyday American's struggling just to afford gas and groceries.
OMG JOE BIDEN IS THE BEST THANK GOD FOR DEAR LEADER!!!!!!!!!!
Fuck anyone that supports this clown.

>>50762221
Some paychex shill on CNBC suggested that maybe the goys have more than 1 job which accounts for the increased jobs number. See goys as long as you work 3 jobs you can scrape by and eat the bugs.

Pic related = the real employment rate. We haven't recovered since the GFC of 2008.

>>50762348
Where though, be honest we all know its bullshit

>>50762221
they suddenly appeared out of thin air because dumbfuck businesses finally deigned to actually hire people
sat applying for shit below my level for 5 months and then I suddenly land a job way above my level.

>>50762191
the us economy is a corrupt pyramid scheme that requires a huge backlog of low skill labourers ready to take on the toil at a moments notice so that businesses that are in bed with the government can sedate wages and obliterate workers rights

it is no shock, then, that low unemployment, a strong labour market for the worker and a smaller amount of choice/power for the business lobbies causes an economic decline

>>50762324
and all the cars out on the roads at non-lunch non-commute hours.
but you should see the drug-testing clinics. Nice and full.

>>50762191
> layoffs everywhere
> Stock market in a textbook definition of bobo
> no one can afford anything
> russia has the west by the balls
> we are not in a recession goy
Every thing in real life says the contrary. Is the media trying to gaslight us into another lie? We are near China level psyop.

>>50762348
>source: the liars
Yeah i dont care

>>50762191
> The gain of 528K jobs in July as the labor force participation rate fell to 62.1, means that most of the new jobs went to people who already had jobs. Collapsing real wages force many workers to moonlight to pay the bills. If the labor market were strong one job would be enough.

They know they're lying. They know we know they're lying.

>NO PAYROLL DATA CAN'T INCLUDE PEOPLE WITH MULTIPLE JOBS BECAUSE IT JUST CAN'T OKAY

>>50762462
Can we display by race too? I wanna see niggers vs asians.

>>50762348
This is such a fucking joke but I guess anyone that can't be assed to just interact with people and assess their environment themselves would believe it. They believed a flu was anything more than a flu, after all.

The majority of these jobs are part-time wagie jobs. Not good.

>>50762191
employment stats are lagging behind. They'll be among the last to drop

>>50762221
>literally cooked the books
>literally
>cooking books
You don't know what "literally" means, do you?

>>50762191
Nobody actually believes this bullshit right?

>>50762462
Well where did they go?

>>50762703
And still, they lie

>>50762269
Yeah bro we're wrong. Just look at how the market rallied on this totally bullish information. Fact

>>50762269
i'm not part of your retarded blue/red turf war and i was buying eth at $800-1200 while your easily impressionable ass panicsold. stop insulting people by insinuating they're rolling in the mud with you, this was strictly a reply to point out the disgusting jewish behavior in op's picture

>>50762191
-on.
Finish your factual sentence OP.
We are in fact in a recession.

>>50762501
>US
>labour

>>50762248
but capslock is based

>>50762269
we are in a recession you low IQ nigger. What's funny is how you retards don't see how that's actually mega bullish in a sense because post recessions are when the mega bullruns happen. You emotional bitches just lack the mental capacity to be objective. I bet you also don't think real inflation is double digits because "da government said so" LMFAO
You are literal sheeple. An actual NPC like holy fuck. Learn to think for yourself.

>>50762324
Wealth effect. Some people still have plenty of home equity, credit, and savings. But its dwindling fast. When the economy flips its going to flip fast.

>>50762952
welfare and retirement

>>50762803
This. Most people work two jobs just to stay ahead and stats don’t count those who have bowed out entirely. Shits fucked.

>>50762906
they cooked it with butter and oil

>>50762191
Just like everything else about Biden, these numbers are fake too.

>>50762221
We literally didn't vote for this

>>50762191
Recession. How do I get on the unemployment rate?
>>50762235
It's a fake number. Once your unemployment runs out they take you off the number I guess.

>>50762191
>real wages are down significantly
>instead of 20% of people being unemployed, everyone makes 20% less
Also the numbers are made up bullshit. Woes anyone actually believe them? I think they may have crossed from "manipulate the formula to underreport statistics" to just totally making shit up.

>>50762348
You're gaslighting. Total lies.

>>50762462
Women weren’t meant to work. I’m not bitter about them in the workforce, I pity them, WORK SUCKS. They had a sweet deal and then the government aided feminists lied to them that they’re oppressed and now NO ONE’S HAPPY SAVE FOR THE BANKING ELITE WHO THRIVE ON WAGIE WORK!!!

>>50762952
Dropped out of the labor force. Unemployment rate is just people actively looking for jobs. About 50% of American adults are retired or on welfare.

>>50762191
real employment data
http://www.shadowstats.com/alternate_data/unemployment-charts

>>50762191
Bull shit jobs, and fake money
>https://www.youtube.com/watch?v=9lDTdLQnSQoBull shit jobs, and fake money

>>50762221
Yep. I swear that job postings are literally being reported as employees

>>50762191
exactly what happened during the weimar hyperinflation. there was no unemployment

>>50762191
This guy is jewish isn't he.

>>50762222
checked and thispilled.

>>50763514
Most likely they're in denial because they're way down and hoping we recover quickly, instead of in 2024 like the charts indicate.

>>50762222
>>50764950
desu I don't think most people actually understand what unemployment numbers actually are, which is why the establishment uses it so much. obviously it's a loaded term.

>>50762222
only guy that gets it in this thread

>>50762245
>already
Here's a spoiler: life isn't fair and the recessions can rape you back to back.

>>50762191
Where are these jobs?

>>50762348
They’re including illegals and the mules they’re hiring to stuff ballots

>>50762191
https://www.reuters.com/markets/us/us-job-growth-beats-expectations-unemployment-rate-fall-35-2022-08-05/ymmdt

>>50762295
Wrong, blockchains are Maxwell demons capable of reducing entropy and they are spiritual.

Their design is based on life's DNA database system

>>50764969
Not to mention, I don't think many who rode on unemployment during the pandemic would be eligible for non-PUA unemployment anyway. Generally you have to work 6 quarters to even see a dime, and even then they pay peanuts for a small number of weeks based on a rolling amount of time worked in any given period. Unemployment rate was stupid before but it's even more useless now.

>>50765042
Unless you're a materialist, you must regard blockchains as fundamentally insecure. Crypto is nothing without security, so you must also reject crypto as a whole.

>>50764430
In the words of Sir Humphrey from 'Yes, Minister', "we are not suppressing the truth. Suppression is an evil tool of corrupt dictatorships. We are merely taking the democratic decision not to release it".

>>50762295
What kind of retarded take is this? Materialist or Spiritualist, only a complete retard would think $USD is more secure than a blockchain.

>>50762324
Rural Colorado everyone is home all day.

They must’ve not spent their btc on the Silk Road

>>50762191
>Lose job
>Fail to get a job for a few months
>YOU ARE NO LONGER UNEMPLOYED, since you are not considered a person.
The labor force participation AND unemployment are simultaneously at record lows.

>>50765130
You have to be a materialist to believe the blockchain is secure.

>>50762191
We aren't in a fucking recession

>>50762222
This

But that still shows no recession; millions of lazy niggers ready to be handed a job but aren't taking it
I work a sorta kinda but not really shitty unskilled job and they run through employees like water

>>50762191
>We are in a recessi-
he hasn't looked up job numbers in 2019

>>50762308
Why would they "admit" a recession? Nobody but expendable techniggers are out of a job. Groceries aren't Canada tier. Literally what reason except muh two negative quarters is there to believe we're in a recession. Literally ZERO panic seen in my day to day life; nobody gives a shit or complains about anything but the gas.

And that's a good thing.
"The only thing we have to fear is fear itself", retards.

>>50765374
>>50765342
>>50765324
Look at this seething libshit

We are in a recession with rapid inflation and slowly wage growth. My rent went up 50% YoY, bread cost $6 a loaf, lettuce is $4 for a head, eggs are even $4 for a dozen now. People are working 2 jobs to pay for everything, at least in my area. You are absolutely delusional if you do not feel the shit we are in. Not saying everything is going to crash tomorrow, but this shit is going to take decades to get out of and this is not a healthy economy.

>>50762191
looks like the fed needs to raise rates more! Licking my chops bro... I'll be loading up on puts soon retail is completely fomod into this bear rally.

>>50762191
>>50762221
https://www.youtube.com/watch?v=YWdD206eSv0

>>50765566
>bread cost $6 a loaf
What the fuck kind of bread do you buy??? Kys

>>50762534
>layoffs everywhere
Source

>>50762191
>cattle need 2+ jobs to still rent their pods
>UnEmPlOyMeNt Is OvEr
LOL, lmao even

>>50762751
He won't, because then he'd be forced to admit the tons of lazy literal niggers who could walk into a job opening tomorrow but actively choose not to. This board is full of delusional basement dwellers detached from reality.

>>50765697
The reality is everywhere has a looking for employees sign up. They get 100s of applications, but they actually aren't hiring anybody. This is reality and I see it everywhere everyday. There's more to this than stupid graphs and charts that is being obfuscated by political divisiveness.

>>50762191
EMPLOYMENT RATES ARE A LAGGING INDICATOR. How many times do you fags need this repeated before you understand?

>>50765629
>>50765658
>>50765697
SEETHING 3x replies like the other libshit holy shit, you people don't even know how to use the website and use it like r*ddit lmao

Any bread that is not white bread is over $4 objectively. I like muh seed rye bread

>>50762222
Labor force participation is also inflated by all those people employed in non productive jobs like in government and zombie corporations.

Real unemployment is like 50% if you measure honestly. That would explain why wages havent risen in 50 years

That's the last thing to go, companies try everything to save their hide before layoffs. We're not there yet.

>>50765856
My mom works in HR and she is having a lot of trouble filling positions.

>>50766129
She rejects anyone who isnt female

>>50762303
bingo

>>50762462
this

>>50765324
If this were true, workers would be getting pay raises exceeding the rate of inflation

They count door dash as a job

>>50766245
They consider a person getting a second job in order to make ends meet a good thing, since they've created more jobs.

>>50762191
I'm going to go slowly and talk simple since you apparently can't comprehend the current situation.
More jobs than workers right now. Technical recession means decreasing job openings as things slow down. If the recession continues until the openings are mostly gone, workers lose their jobs more and more often.
Right now, we're coming off the high from the money printers and we're on a hangover.
Also consider that labor force participation is shit. There's a lot of people that just stopped working (boomers and idiots terrified of a cold) so they aren't counted as seeking employment and unemployed.

lagging indicator

>>50764865
it's almost like hard money will unironically fix everything

So now they're just lying?? Not a single person who quit working has gone back to work that I know

>>50762191
Australia is pulling the same bullshit. In Australia unemployment is at an all time low because they reclassified what unemployment means. If you're on job keeper or job seeker payments from the wuflu, Not unemployed. If you have to much savings and can't get on cenno but you're currently unemployed, youre not unemployed. Literally the only thing they class as unemployed here now is if you're on cenno and not working.

>>50762191
OMG GUYS HALF A CENTURY....half a century ago we had the same fuckin labor participation rate. this country is dying.

>>50762221
Fpbp
FJB

Yeah well i just recalculated the unemployment so it's at 99.90% now

>>50762269
>youre
Either b8 or you're an actual illiterate retard

>>50762191
working more than ever for less than ever.

>>50762191
They stopped counting people out of work but not looking for work.

>>50766125
This.

>>50762191
>More people start taking multiple jobs because they are WFH and inflation is so high they need 2 incomes to survive
>"wow look at all the jobs we filled last month!"

>>50765658
> source
I swear, every person who goes “uhmmmm my sourcerino???” is a raging soi midwit who cant bother to do a google search or is so out of touch from reality he probably never held a job outside of Wendy’s. Tech industry, the most lucrative industry in the US is getting rekt left and right. It’s bad when netflix, robinhood and coinbase is cutting thousands of staff, even Ford is getting rid of 8000 people
https://news.crunchbase.com/startups/tech-layoffs-2022/

>>50762191
>Redefines the meaning of the word unemployed
>Redefines the method of categorizing the unemployed
Just like covid deaths.

>>50762221
people are working more than one job

>>50762348
-70k full time jobs
+380k part time jobs
+90k double jobs

>>50762191
No shit, the government is pumping massive amounts of money into infrastructure projects. Finally some non collapsing bridges. Right on time as well so the next republican president can cut the spending and run everything into the ground again, continuing the cycle.

>>50766492
It would but we’ve been conditioned to worship goyslop paper money

>>50762191
Still haven't gotten a pay raise or job offerings.

>>50762534
>layoffs everywhere
twitter is not real life

>>50762191
US definition of a recession: a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales

>a significant decline in economic activity spread across the market, lasting more than a few months
Economy has been contracting since January
>normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales
Real GDP real income industrial production and wholesale-retail sales are all down.

Just because one lagging indicator isn't down doesn't mean we aren't in a recession. The reason there are still jobs is because inflation is reducing real wages. It's intellectually dishonest to say we aren't in a recession.

>>50762191
ladies and gentlemen, WE GOT THE STATISTICS!!!

>>50762906
Literally means literally figuratively now and has for a few years. It's in all widely used dictionaries

>>50762191
If Justin Wolfers with his PHD in anal milking says the economy is great then it's fantastic, okay guys!

>>50762221
Cope. Dark Brandon is here to stay, chudley.

>>50762906
you're literally retarded

Didn't millions die from COVID? That's a lot of unemployed fucks dying lol. Easy way to boost the numbers when you look at it like that

>>50762191
We’ve been in a recession for 2 years. We’re heading towards a full on depression.

>>50762191
>it's not a recession because....it's just not ok!?

>>50762191

>>50762191
I believe since being on the dole is considered a job

People work three jobs but still can't pay bills.

>>50762191
Guyz! The government never lies!!1!11!1!

>>50764501
Women were meant to have only 1 boss in life, with women getting instructions from her boss more than her husband of course that results in unhappiness and divorce.

>>50762191
ITT we learn about the difference between unemployment and active participation in the workforce…

>>50762452
I have three wfh jobs bringing in $300k total compensation

>>50762906
Damn these books be tastin sussin no cap fr fr

>>50762191
You are only unemployed when you are actively looking for job. If you are NEET you are not unemployed

>>50762222
its insane how much of a scam the unemployment rate is when it comes to assess employment in the US. it literally only tells you roughly "what percentage of people who want to work are unemployed"

>>50762191

"Unemployment rate" means nothing. People are considered "unemployed" if they are looking for work but can't find it for a period not above one month. After that period, they stop being "unemployed" even if they won't find a job year later.

What you should look is Labor Participation Rate. And US is really fucked according to that one. Only 60% of the country's workforce are working. The number has been going down for the last 30 years. This is really bad.

t. smart Easter European gentleman

The seethe and cope in this thread is palpable

>>50767145
Just an average democrat voter / bidet supporter.

>>50762221
It's like those African dictators winning 150% of the vote kek

>>50762222
quads of certainty.
>>50762348
is this real kek

Millions of fewer workers. Just because a lot of people gave up chasing the carrot doesnt mean it's a good thing.

unemployment is a lagging indicator